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Umsatzsteuer Newsletter 39/2019
Implementation of the Quick Fixes 2020 on the home straight – part 1
The practical implementation of the Quick Fixes 2020 is currently the number 1 VAT topic for most companies and their tax advisors. The fact that a draft of the German law already exists for this is certainly beneficial. However, there are a number of detailed questions that make implementation difficult. It is therefore helpful that the EU has published draft Explanatory Notes following discussions in the VAT Expert Group and the Group on the future of VAT. These are not binding. However, it is to be hoped, that the Member States and their tax administrations will follow these guidelines. In this context, we would also like to draw your attention to our series of seminars on quick fixes, in which we address the various issues in detail. There are still places available for Frankfurt and Hamburg.
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Umsatzsteuer Newsletter 38/2019
A look across the border
PORTUGAL postpones requirement of certified invoicing software +++ LITHUANIA implements Reverse Charge for mobile phones +++ NORWAY implements SAF-T +++ UK postpones Reverse Charge for construction services +++ POLAND publishes White List of taxable persons and postpones replacement of VAT return by SAF-T +++ CROATIA reduces VAT rate for hospitality and standard VAT rate +++ JAPAN reduces standard VAT rate +++ SAUDI-ARABIA waives obligation of fiscal representative for non-residents +++ CZECH REPUBLIC plans implementation of a general Reverse Charge
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Umsatzsteuer Newsletter 37/2019
VAT group: new legal regulation in Germany
The Federal Ministry of Finance has suggested changing the German VAT regulations as regards VAT groups (Federal Ministry of Finance, key issue paper of 14 March 2019). One significant proposed innovation is that the legal consequences of group taxation will only occur after the group members have submitted a joint application. By means of these and other innovations, there is finally the prospect of more legal certainty for the taxpayers concerned. It is therefore to be hoped that the German legislator will soon implement the Federal Ministry of Finance’s proposal.
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